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Bank of Montreal (NYSE:BMO)
Cash from Financing
$-1,615 Mil (TTM As of Apr. 2014)

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the three months ended in Apr. 2014, Bank of Montreal received $35 Mil more from issuing new shares than it paid to buy back shares. It received $0 Mil from issuing more debt. It received $315 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $476 Mil paying cash dividends to shareholders. It spent $4 Mil on other financial activities. In all, Bank of Montreal spent $129 Mil on financial activities for the three months ended in Apr. 2014.


Definition

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

Bank of Montreal's Cash from Financing for the fiscal year that ended in Oct. 2013 is calculated as:

Cash from Financing(A: Oct. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-527.168732126+-1290.75309819+-190.657769304+-1877.0257388+-720.686367969
=-4,606

Bank of Montreal's Cash from Financing for the quarter that ended in Apr. 2014 is

Cash from Financing(Q: Apr. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=34.8943985308+0+314.967860422+-475.665748393+-3.67309458219
=-129

Bank of Montreal Cash Flow from Financing for the trailing twelve months (TTM) ended in Apr. 2014 was -669.548511047 (Jul. 2013 ) + -816.015252622 (Oct. 2013 ) + 0 (Jan. 2014 ) + -129.476584022 (Apr. 2014 ) = $-1,615 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Cash from financing contains five items:

1. Net Issuance of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. If this number is positive, it means that the company has received more cash from issuing shares than it has paid to buy back shares. If this number is negative, it means that company has paid more cash to buy back shares than it has received for issuing shares.

Bank of Montreal's net issuance of stock for the three months ended in Apr. 2014 was $35 Mil. Bank of Montreal received $35 Mil more from issuing new shares than it paid to buy back shares.

2. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

Bank of Montreal's net issuance of debt for the three months ended in Apr. 2014 was $0 Mil. Bank of Montreal received $0 Mil from issuing more debt.

3. Net Issuance of Preferred:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

Bank of Montreal's net issuance of preferred for the three months ended in Apr. 2014 was $315 Mil. Bank of Montreal received $315 Mil more from issuing preferred shares than it paid to buy back preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Bank of Montreal's cash flow for dividends for the three months ended in Apr. 2014 was $-476 Mil. Bank of Montreal spent $476 Mil paying cash dividends to shareholders.

5. Other Financing:
Money spent or earned by company from other financial activities.

Bank of Montreal's other financing for the three months ended in Apr. 2014 was $-4 Mil. Bank of Montreal spent $4 Mil on other financial activities.


Related Terms

Cash Flow from Operations, Cash Flow from Investing, Net Issuance of Stock, Net Issuance of Debt, Dividends, Net Issuance of Preferred


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of Montreal Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Net Issuance of Stock 210-146-104-28914999619212688-527
Net Issuance of Debt -7826,3788,41013,826-8,409-239-5031,463401-1,291
Net Issuance of Preferred 0006204525430283-397-191
Dividends -693-808-1,024-1,444-1,218-1,239-1,160-1,692-1,496-1,877
Other Financing 2,25217,67711,45746,891514-12122,820-367-639-721
Cash from Financing 98723,10118,73859,605-8,512-5921,348-186-2,043-4,606

Bank of Montreal Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
Net Issuance of Stock 2318123534-231-220-116035
Net Issuance of Debt 1,6050-1,2100-1,34100000
Net Issuance of Preferred 0-392000-196000315
Dividends -473-335-353-333-492-462-469-4890-476
Other Financing 18-32024-357-187-35919-2110-4
Cash from Financing 1,173-1,029-1,526-655-1,986-1,248-670-8160-129
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